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Rupee appreciation, petroleum products likely to become cheaper, Sources |
Prices of petroleum products are estimated to decrease from October 16 following the impact of rupee appreciation.
According to industry sources, the price of petrol may decrease by Rs 10 to Rs 15 per litre.
Similarly, the price of diesel is likely to decrease by Rs 2 per litre.
According to sources, the reduction in prices may be delayed after IMF reservations on petroleum subsidy.
Sources say that the reduction in prices can be used in the context of PDL.
At the end of the interbank business yesterday, the dollar was 218 rupees 38 paise after the dollar had appreciated by 50 paise.